Funding Alert
Escrowpay Exceeds $6.6 Million in Funding, Introduces BizSuraksha
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ByStartupStory | December 28, 2023
Escrowpay, a digital escrow platform, has successfully raised $600,000 from its existing investors, marking a significant milestone as its total capital raised now stands at $6.6 million. This funding is a part of the ongoing Series A round, with ambitions to reach a total of $15 million. Notably, Escrowpay had earlier achieved a notable feat by securing the first digital escrow regulatory fintech authorization from IFSCA at GIFT City.
The company’s clientele spans over 3,000 clients, encompassing a diverse range of businesses, including SMEs, unicorns, listed enterprises, and emerging digital-first ventures throughout India. This financial boost is earmarked to propel various initiatives, bolster growth sectors, and stimulate innovation within the expansive payments landscape.
Reflecting on this achievement, Escrowpay stated, “We are thrilled to have gained the confidence and continued support from our existing investors. This funding round is a testament to the value we bring to the market and underscores our commitment to revolutionize the digital escrow space.”
The injection of capital signifies a pivotal moment for Escrowpay, empowering the company to accelerate its strategic endeavors while reinforcing its commitment to advancing the payments ecosystem. Notably, prominent investors such as Bennett Coleman & Co Ltd, Tano India Opportunities Fund, Zenith Global Group, We Founder Circle, Angel List, JB Ventures, Inflection Point Ventures, and Chhattisgarh Investments have contributed to this substantial funding round.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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